NumisMedia Weekly Market Report
Current News and Analysis of the
United States Rare Coin Market
October 25, 2010

Metals and Dealers Finding Comfort Level
The metals seem to have reached a temporary comfort level; Gold is ranging from $1,325 to $1,350. Many dealers feel that the next two weeks could be stable as the big money waits for results from the upcoming elections. Dealers appear to have more bullion inventory because there is an increase in offers to sell on the Teletypes.

Premiums have dropped slightly on U.S. Gold for MS62 and lower quality. Most of the Gold charts in this week's HD Wholesale Market Dealer Price Guide remain unchanged with the exception of a few lower prices. Since our last HD issue, Gold had surpassed the $1,380 mark; it was listed at $1,309 on October 6th compared to the current $1,323 (as of HD printing). A look at the $20 Liberty chart shows the MS62 common dates have a Market of $1,600 compared to the last issue at $1,675. The MS61 is down by $65.

Market prices for $20 Saints are lower in grades MS65 and below. Our last issue reported a Market price of $2,225 for common dates; this week these commons have dropped to $2,175. The AU58 is down from $1,445 to $1,420. It would seem that the lower premiums would attract an increase in buying at some point. While premiums are soft for generics, there is still a strong demand for rare date gold. The 1929 $5 Indian has consistent buyers for grades MS63 and higher. This week the MS64 increased to $40,000 Market. The Civil War dates are easy sellers, especially for Twenties. The 1892 $20 Liberty is higher in grades Extra Fine to MS61.